Next month, Puerto Rico has a payment due. They are over $70 billion in debt because of a combination of shitty loopholes and shitty Governing.
However, the people on the island are losing their communal functions. Hospitals are biting the dust. Emergency services cannot respond due to lack of funds. Sales tax is as high as 11%. Over 30% of the debt is owned by so called "Vulture Funds", which are hedgefund cunts who came in when the economy was the weakest.
The problem, /pol/, is what do we do about it? If we let them get fucked in the ass, you know where they're going? Right into OUR system. If we let them down, there's absolutely 0 reason for them to not move into the US, and that's 3 million people who can move freely in the states. No one is safe here if Puerto Rico falls - Alaska, to Hawaii, to Maine, to Florida, we're all in danger of mass Puerto Rican migration. 3 MILLION of them.
What do?
Seriously, they are more fucked than Greece right now. I'm sure all of you remember the Grexit Crisis of 2015, and how that all played out. Are we willing to allow for the same thing?
We need to let them file for Chapter IX on this shit. If we don't, we're not only letting down one of our territories, but we're fucking over the economies of wherever these migrants flee to.
Not a single thread about this on all of /pol/, I'm surprised.
They're Americans.
>>72096610
Instead of having them vote on independence all the time, how come they aren't forced to leave? They offer nothing of value to this country.
>>72096907
Yes, they're allowed to travel wherever they want in the US
They might be "Americans", but a large part of them are still rural Hispanics who will be living in 1700's conditions if they are left to rot.
>>72096610
>70 billion
How does a small country waste that much money?
>sales tax 11%
Lmao t 24%
>>72096610
End the rule that stops foreign based ships from carrying cargo between American ports
It was only meant for the contiguous US, and is one of the biggest reasons Puerto Rico is so fucked
These sea beaners should just tax degeneracy. Legalize prostitution, gambling, and weed. They will become a tourist mecca. Boom, instant economic revival.
But they're sea beaners, which means they are Catholic, which means they will just continue being poor and waiting for us to bail them out instead of adapting to the economy.
>>72097020
People are allowed to buy Government "municipal" bonds that are triple tax exempt (no state, local, or federal taxes applied)
Rich people took them for a ride after crashing their industrial-based economy in the 2000's.
>>72096610
Just purge them and recreate the island as an American paradise.
>>72097079
You haven't seen the rest of their taxes. They pay more out the ass than the Chinese do.
>>72097132
Also, coming back to this
You basically want them to turn into Hispanic Netherlands? Look how well they turned out.
Well, at least they aren't their nextdoor neighbors. The only sensible neighbor they have is fucking Luxembourg.
>>72097198
>American paradise
e.g >>> Baltimore, Detroit, St.Louis, NewOrleans, Pittsburgh, Kalifornia...
You are Puerto Rico but with the print money machine, burger bro. So print dindu dollars and bail Puerto Rico out.
>>72096610
>Over 30% of the debt is owned by so called "Vulture Funds", which are hedgefund cunts who came in when the economy was the weakest.
Fuck off you moronic librul. All they do is satify demand. Without them PR wouldn't have gotten fresh funds in the first place.
>>72097601
Granted, >50% white is considered white by the census. You could be 51% Spanish and 49% nigger and still count as white.
>>72097825
>Implying
Puerto Rico didn't even get much of the funds in the first place. It's not their fault they had to sell bonds, since their industry just disappeared less than 20 years ago.
It'd be like if we took the banks out of Switzerland, and then a bunch of hedgefund kiddies bought stocks and bonds to keep your country artificially inflated, until the point when these faggots own 1/3rd of your country. I'm sure Switzerland should know of why that's a bad idea, considering the problems with Usury and your neighbors.
>>72096610
#MakePuertoRicoAgain
>what do?
what you do best, burgerland
bomb the fuck out of them until there's nothing left but sand
>>72096610
Just give them back to Spain.
It's appalling that those greasy spics carry American passports.
>>72098067
That would be like bombing Dresden out of existence. Puerto Rico has a lot of cultural heritage sites from the Spanish way back in the late 1400's/early 1500's. I'm not so ready to destroy 500 year old works of architectural art for the sake of alleviating some financial burden on the rich who pilfered the country after removing their industry.
As a puerto rican myself , the idslsnd needs to collapse. These retards are dying to become a state so they can stick their hand further in the tax payer bucket. Let puerto rico be a reminder to the lefties who think high taxes, a big welfare system, and an anti capitalist attitude is sustainable.
>>72097984
>It's not their fault
Confirmed you're a retarded librul and probably a Bernie supporter as well. If less money is coming in then you have to cut spending in the same amount, it isn't rocket science you faggot.
>Swiss banks
Not surprised you revert to memes. The banking sector has a bigger share of your GDP than it does in our case - ironically.
They already come here constantly regardless. Why do you think Florida is such a shit hole? Puerto Ricans and Cubans everywhere.
>>72098298
>B-but Bernie
No, I don't support any Democrat you fucking retard, this is a bipartisan issue going to fuck our country because of the rich.
And they can't even cut spending much more. They're cutting all they can you absolute lunatic. Some hospitals literally cannot afford to keep their lights on because of the dearth of funds they receive and the amount they have to pay in taxes. It's simple fucking math, but a Euro shouldn't be expected to look at finances and make heads or tails of it. All of the smart ones left for the new world.
>>72096610
>Sales tax is as high as 11%.
Kek.. 21% here on most things.
>Hurr hurr what do?
Pay their debts. You already have one of the biggest public debts in the world.
>>72098619
>Just get in more debt
Sure, and then we can just ask someone with a bigger economy to bail us out like the rest of the debtor nations like Greece, Spain, and Ireland.
China's on the verge of collapse too, so that leaves... Japan?
>>72097500
>You basically want them to turn into Hispanic Netherlands? Look how well they turned out.
As one of the more succesful EU states?
>>72098781
Your only saving grace is that you aren't as retarded as Belgium, Germany, or England. I'd still rather live in Chile than in the Netherlands, because I'd be less likely to encounter a violent shitskin or get arrested for talking about violent shitskins on social media.
>>72096610
>3 million
Look, I'm all for their government getting its shit together as the preferred solution, but I'm failing to see what danger they pose.
Rapefugees are dangerous because they adhere to a dangerous ideology.
Illegals are dangerous because they use public resources without paying for them.
What is it about Puerto Ricans that makes you fear them?
>>72097984
>Implying switzerland needs local jew banks to be a rich country
Puerto rico was in default before hedge funds took some part of her debts over. You´re making a non sequitur analysis of puerto rico debt issue.
>>72098958
Economic danger, friend.
>Puerto Ricans emigrate
>Flee to already shaky US economies
>+100,000 poor people to every major city
>This destabilizes the already weak job market even further, since now there are 100,000 more competitors for entry level positions, which the next generation of kids won't be able to go to, which means more welfare fuckery
We have 5,000,000 of them in the US already, no need to increase that amount by 40-60%. That's a demographic fucking nightmare. Germany only got 1.4 million in a year. 3 million is fucking scary no matter what way you slice it.
>>72096610
>>72096610
They're already in our system.
In the last month, we've gotten 5 new students from Puerto Rico.
Now think, this is just one school, in a district of 50 schools, in just one city, in a state full of many cities, in a country made up of 50 states.
>>72099029
Puerto Rico is in financial troubles because of the industry leaving, though. In the 1970's, huge tax breaks were offered to companies that went over there to build factories and produce things. Puerto Rico went into a boom and industrialized insanely quickly. Then, in the 2000's (2006 I believe), the tax breaks ended, and all the companies left Puerto Rico, completely toppling the economy.
Then 2008 happened, and you, as a Spaniard, should know how bad that year was. Imagine if your economy was already crippled on the level of Iraq's.
>>72099232
I live in Arizona, and even we have a sizable amount of Puerto Ricans here. The problem isn't how many are here, but how many will come. Of the 3.9 million that live there, more than 70% will leave because they are free to travel to and in the US, and their home "country" is so fucked they can't even afford proper medical care or emergency response units.
The demographic shift is what the real problem is. Puerto Rico's debt crisis is the fuse, and the shrapnel is the displaced 3,000,000 people that will fuck the economy in the ass. It'll assure Trump the presidency as all of the big economies collapse, but not even the God Emperor could save us if we add that many working age people into the states.
>>72096610
they're the biggest fucking freeloaders in the usa literally the worst cause they aren't illegal they take advantage of it to the maximum
>>72098894
>I'd still rather live in Chile than in the Netherlands, because I'd be less likely to encounter a violent shitskin or get arrested for talking about violent shitskins on social media.
Kek.. You're literally more than 3x as likely to be murdered in Chili than here, and even more likely to be murdered in the US. Lay off the memes m8..
>>72096610
lol your country is a joke
>coming from le weedman xD
>>72096610
How did a cash cow glorious sun drenched vacation spot get so badly in debt OP?
Are they imbeciles, or do the political class just borrow billions, put it all in their Swiss/Cayman bank accounts, and put the tab on the 'people>'
can anyone answer this?
Anyway the answer to your question is this-- let the place go bankrupt, fuck over all the jew creditors who lent money to the corrupt faggots who stole the money, and never let them make any financial decisions for themselves ever again and rule. the island as a protectorate like we should all along.
We shall give Puerto Rico to Cuba I. Exchange for 40 tons of Cuban cigars and 1000 of their finest women.
Ameri-kun, just make us Hawaii 2.0
>>72096610
They are island mexicans, deny them entry into the US and strip them of their citizenship.
>>72097247
So what's the total tax level?
>>72097825
>>72098298
>Gigantic nose vulture fund damage control please.
You lent the money deliberately to known corrupt criminals, and now you expect American taxpayers to pay for your fraud. Be prepared to lose this one Schlomo.
But your subversiveness is impressive. (Call the conservative victims of your psywar ops "retarded liberuls")
>>72099269
As a spaniard I know that the 08 bust was the unavoidable consequence of retard governments tampering with free markets. There´s no good debt aka municipalities and bad debt aka hedgefunds-baleouts as you seem to imply.
>>72097500
The Netherlands don't border Luxembourg. You can thank the 1830 retards for that.
>>72099971
That's mild considering that we run over 50% here.
About 32% income tax.
25% VAT.
>>72100169
Yeah but you recieve something from the state in return.
Americans get really shitty services for what they pay. Even "service" like military is terribly overpriced.
That's why they hate socialism so much, can't blame them. American government is comically inefficient.
>>72100308
>American government is comically inefficient.
That depends on the filter you are looking through. Or I would like to ask you, 'inefficient at what?"
If you understand the goal of the US government is the genocide of the white race, and the plundering of the goyim for the pleasure of our jewish masters, all the sudden, not so inefficient.
>>72100169
Sweden effective average tax rate of non-financial sector is 19.4%.
Spain 32.6%
You have a slightly regressive income-vat system but only because at the same time you have one of the most free economies in the eurozone. Win-Win until niggers, mudslims and feminazis destroy your country, Svenn.
>>72099962
>le evil rich
>greedy hedge funds
>not our fault
>poor starving babies in hospitals
>memes
Sure doesn't sound conservative to me. Get off this board you Bernie plebbit supporter.
>>72102001
Thanks for the laughs, at least I get something for my tax money.
>>72096610
Puerto Rico did this to themselves, but you can't live under the debt boot forever. Just screw the bondholders and let that be a lesson to never loan money to governments with no fiscal discipline.
>>72096610
during the Euro-crisis all the american politicians and "experts" told Germany to pay up.
now its your turn, I guess.
but remember, no matter how much you give, it'll never be enough.